Quote from vertigo3:
JSS,
when you say "head fake" are you talking about
A) a drop that recovers strongly
-or-
B) a move higher that reverses?
in this case a B) as price action + indicator's pattern leads to an inevitable bearish sentiment, we all know that it is not a straight forward case to be in the black straight away, so ImO smaller bears will be squeezed first, followed by a much bigger fresh small bull shake near 1500. Of course it could happen without a headfake, hence to be short off almost every short signal using small stops (& scaling out in my case) is the plan, not to say that money can't be made on the long side, it's just my plan so far

3rd lot still short here, expecting it to pop through trendline soonish.
